Schnieders Capital Management LLC Has $925,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Schnieders Capital Management LLC lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,027 shares of the company’s stock after selling 150 shares during the period. Schnieders Capital Management LLC’s holdings in American Electric Power were worth $925,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp grew its stake in American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after buying an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC grew its position in shares of American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock worth $1,280,655,000 after purchasing an additional 352,588 shares in the last quarter. FMR LLC grew its position in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of American Electric Power by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock worth $427,009,000 after purchasing an additional 100,578 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of American Electric Power by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company’s stock worth $354,551,000 after purchasing an additional 84,704 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. UBS Group increased their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Wells Fargo & Company decreased their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. BMO Capital Markets reduced their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $106.89 on Thursday. The company has a market cap of $56.99 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.97 and a beta of 0.58. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a 50 day simple moving average of $97.43 and a 200 day simple moving average of $98.26. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $107.84.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the business posted $1.23 earnings per share. Research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.48%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

About American Electric Power

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.